Household indebtedness and housing market imbalances—the most important vulnerabilities for the Canadian financial system—have moved higher over the past six months, the Bank of Canada said today in its Financial System Review (FSR).
The Bank of Canada today began circulating the $10 commemorative bank note that celebrates the 150th anniversary of Confederation. Canadians can now obtain this special note at financial institutions. Only 40 million notes are being issued—roughly one for every Canadian.
Deputy Governor Sylvain Leduc discusses how upgrading Canada’s core payment systems will contribute to financial stability and help the Bank keep inflation on target.
Upgrading the Payments Grid: The Payoffs Are Greater Than You Think - Deputy Governor Sylvain Leduc speaks before Payments Canada. (12:00 (ET) approx.)
The Bank of Canada is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent.
Canada and Mexico share economic traits that leave both well placed to face global challenges and capitalize on opportunities, Bank of Canada Governor Stephen S. Poloz said today.
FinTech and the Transformation of Financial Services — Senior Deputy Governor Carolyn A. Wilkins participates in a panel discussion at the International Monetary Fund (IMF).